After touching year-to-date 2019 highs of $3.44 in the beginning of April, Chesapeake Energy (NYSE:CHK) has been tumbling fast. CHK stock is already lower by 59% and I don’t see any respite. Source: Casimiro PT / Shutterstock.com Chesapeake Energy has certainly been trying to lower the cost and increase the weight of oil in production.
U.S. stock futures are creeping lower this morning as traders digest yesterday’s rate cut decision. As widely expected, the Federal Reserve cut their target for the Fed Funds rate range to 1.5%-1.75%. Given the month-long run by stocks, any consolidation up here is healthy. Source: Shutterstock Ahead of the bell, futures on the Dow Jones
Bullish sentiment for silver is sitting at 79%, and never really cooled down that much from the September top. Silver continues to consolidate after its Q3 run, and remains below key resistance at $18.45/oz. If silver can get through $18.45/oz, this would increase the probability that the $16.95/oz low will hold as the low for
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The Federal Reserve just cut interest rates for the third time this year and said it will likely pause from here. That scenario is usually very good for stocks. CNBC used Kensho, a hedge fund analytics tool, to track what happened to the market after the Fed cut interest rates at least three times. In
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Check out the companies making headlines after the bell: Lyft shares climbed during extended trading following the company’s raised full-year revenue guidance and posted better-than-expected earnings
Over the trailing year, semiconductor and technology firm Nvidia (NASDAQ:NVDA) has taken stakeholders on a wild ride. Right around this point in 2018, Nvidia stock was desperately treading water after a sharp bout of volatility. Unfortunately, the increasingly vitriolic U.S.-China trade war clouded the entire tech sector. Source: JHVEPhoto / Shutterstock.com Seemingly, though, we’re on
Snap (NYSE:SNAP) has benefited from an impressive, unexpected comeback in 2019. Because the company has begun earning more revenue from ads, investors have snapped up SNAP stock. Source: dennizn / Shutterstock.com However, once investors look closely, they may find that SNAP has not entirely escaped the challenges that briefly took Snapchat stock below $5 per
The Federal Reserve again lowered by interest rates by 25 basis points today — the central bank’s third rate cut this year — but as was the case following last month’s rate reduction, stocks did a whole lot of nothing following the news. Source: Venturelli Luca / Shutterstock.com Fed speak may have been the culprit
Former Exxon CEO Rex Tillerson said the company tried to understand the impact of climate change, and tried to accurately communicate the impact to shareholders, as he testified on Wednesday in New York during the second week of a trial against the oil giant. The case, brought by New York Attorney General Letitia James, alleges
Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters Stocks were slightly lower and bond yields were near lows of the day after the Fed signaled a pause when it said it would move to “assess” its
[Editor’s note: This article was previously published on Sept. 13, 2019. Due to changes in the market since then, parts of this article have been rewritten with new information.] The holidays represent great opportunities to take a good look at your portfolio and make sure that you are good to get through the holiday buzz
Intel (NASDAQ:INTC) is trading near five-year highs as sales to cloud data centers continue to grow. The company beat earnings estimates on Oct. 24 by a substantial margin. CEO Bob Swan predicted double-digit earnings growth for the second half of the year. Despite this, INTC stock remains cheap relative to the market. Source: dennizn /
U.S. equities are treading water ahead of the Federal Reserve’s latest policy decision, with the Dow Jones Industrial Average holding near the 27,000 level. While most stocks are holding steady ahead of what is expected to be another interest rate cut, energy stocks are weakening here as West Texas Intermediate drops back below the $55-a-barrel
The streak of quiet opens continues for U.S. stock futures today. Investors are gearing up for today’s Federal Reserve rate cut decision. A quarter-point cut will lower the Fed funds rate range to 1.50%-1.75%. The market is baking in a 98% chance of it happening. Source: Shutterstock Ahead of the bell, futures on the Dow
(credit Fidelity.com) Gold has basically been going sideways for about 2 months now, trending sideways after a local high. There is some debate out there about what level traders should watch for gold. Your friendly Gold Enthusiast likes to err slightly on the side of caution for several reasons. First, keeping levels “tight” leads to
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More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
Shares of Microsoft (NASDAQ:MSFT) soared to all-time highs in late October after the cloud giant prevailed over Amazon (NASDAQ:AMZN) and won the U.S. Department of Defense’s highly coveted, $10 billion JEDI cloud computing contract. Source: VDB Photos / Shutterstock.com Make no mistake about it. This is a huge deal. Indeed, it’s a reason to buy